In 2019, former President Donald Trump blocked U.S. companies from selling technology and services to Huawei, such as Google Maps, processor chips and music, the Associated Press reported. The company's $70.2 billion in reported revenue for the first half of 2020 dropped to $49.6 billion in the first half of 2021, due in part to a November sale of its Honor smartphone product.
"Our aim is to survive, and to do so sustainably," said Eric Xu, a rotating Huawei chairman, in a statement. "Despite a decline in revenue from our consumer business caused by external factors, we are confident that our carrier and enterprise businesses will continue to grow steadily."
